Skip to main content


Company Closes Series D Funding Round—Demonstrates

Investment Community’s Confidence in Company’s LED Technology


SUNNYVALE, CALIF., April 8, 2008 – Bridgelux,

Inc., a leading supplier of energy-saving LED technology for high-volume,

solid-state lighting markets, today announced it has completed its

latest round of financing, totaling approximately $40 million. This

latest round includes $30 million of private equity investment and

approximately $10 million of bank lines of credit. This funding

will allow Bridgelux to aggressively pursue its strategy for product

development and market expansion, while continuing to drive its

technology research and development activities.

This financing round was led by new investor VentureTech Alliance,

while existing investors DCM, El Dorado Ventures, VantagePoint,

Chrysalix Energy Venture Capital and Harris & Harris Group participated

with follow-on investments.

Leveraging its innovative technology, Bridgelux is poised to take

advantage of future robust growth in the LED market and widespread

interest in environmentally conscious, clean technologies. Leading

market research firm, Strategies Unlimited, is forecasting a compounded

annual growth rate (CAGR) of 20% over the next five years for the

LED market. High-brightness LEDs alone are projected to grow by

12% in just 2008, while new market opportunities also emerge around

display backlighting, camera flash, architectural lighting, task

lighting, commercial and other general lighting applications. As

a result of these burgeoning market segments and related applications,

the overall market is expected to reach a total size of $11.4 billion

by 2012.

“At VentureTech, we’re dedicated to facilitating the

growth and success of world-class, high-technology companies. Our

concentration is on early-stage to mid-stage companies that have

potential to achieve market leadership and the intellectual property

(IP) strength to defend that leadership position,” said Jim

Diller of VentureTech Alliance. “With innovative technology

and a solid business model focused around a growing market, Bridgelux

is representative of precisely the type of investment we seek. On

the management side, Bridgelux’s team features an impressive

roster of seasoned individuals with combined experience in the LED,

IC, compound semiconductor materials, lighting and consumer electronics

sectors, all of whom will be key to driving its future success,”

he added. Bridgelux reports that Diller will be joining the company’s

board of directors.

Commenting on the latest round of funding, Bridgelux CEO Mark Swoboda

noted, “At Bridgelux, our capabilities in gallium nitride

epitaxy growth processes, device structures and chip designs, coupled

with our market knowledge, has enabled us to quickly become a leader

in the high-power LED industry. This latest round of funding is

an additional vote of confidence in our underlying business strategy

and technology, which will enable us to rapidly expand beyond our

LED chip product offerings and move aggressively into LED lighting

products, expanding our market reach.”

LED-based lighting technologies offer myriad advantages over current

fluorescent and incandescent solutions, including reliability and

light quality, along with superior energy efficiency. As a result,

LEDs have quickly captured dominant shares of the mobile appliance

backlighting and camera flash markets, and are rapidly appearing

in small, mid- and large-area displays. While not yet widely available

for consumer lighting needs, the current generation of environment-friendly

solid-state lighting technologies deliver efficiencies that exceed

those of incandescent lighting products, and have recently begun

to rival many fluorescent solutions in industrial and commercial

applications. In addition, LED lighting solutions do not contain

the environmentally damaging substances found in fluorescent bulbs.

About Bridgelux

Focused on bringing innovation to light—Bridgelux is fast-becoming

a leading provider of high power, cost-effective and energy efficient,

yet extremely reliable, light-emitting diode (LED) solutions. The

company’s proprietary epitaxy technology and innovative chip

designs have enabled the company to develop advanced solid-state

lighting products that offer superior quality, are lower in cost

and are environmentally friendly—all without compromising

optical, thermal or electrical performance. Beyond LED chips, the

company is actively seeking to extend its reach to deliver value-added,

application-specific solutions that will open up new markets in

solid-state illumination. Founded in 2002, Bridgelux is headquartered

in Sunnyvale, Calif. For more information on the company, please



Brian Fisher


Phone: 408.990.7563


Marie Labrie


Phone: 650.968.8900, ext. 119